Secure Your Future with Credit Union Insurance Policies
Accidents, injuries, illness, and other unexpected events can disrupt your life, but they don’t have to disrupt your finances. By partnering with insurance providers, we’re able to offer a variety of plans to protect you and your family. As a Picatinny Federal Credit Union member, you get access to exclusive benefits and coverage that helps get you back on your feet without threatening your financial security.
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Accidental Death
As a member aged 18 or older, you can receive $1,000¹ in coverage paid for you by Picatinny Federal Credit Union. You also are pre-authorized for up to $300,000.00¹ in optional coverage — no doctor visits, health questions, or lab tests required.
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Hospital Accident Plan
When a covered accident lands you in the hospital, this plan² unlocks cash benefits including:
- Intensive Care Confinement: $1,800/day
- Hospital Confinement: $900/day
- Emergency Room Treatment: $450/day
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Recuperative Care
Take advantage of members-only cash benefits³ while you recover from a covered accident or sickness — even a pre-existing condition:
Sickness:
Receive up to $200/day
per covered hospitalization due to all sickness (up to $1,400/week³).
Maximum payable to you per occurrence: $73,000.
Injury:
Receive up to $400/day
per covered hospitalization due to any covered accident (up to $2,800/week³).
Maximum payable to you per occurrence: $146,000.
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Affordable Insurance
Insurance is an important part of protecting your future, and Picatinny Federal Credit Union offers members options to meet their needs.
TruStage:
TruStage® Insurance⁴ offers budget-friendly options. To give you peace of mind.
The Family Security Plan:
The Family Security Plan® offers members of Picatinny Federal Credit union life insurance options that are affordable, flexible, and meet your needs.
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Debt Protection Program
Debt Protection Program (DPP) is an extra layer of protection should you face any unexpected events or hardships such as loss of a job, disability or loss of life. If such an event occurs, this coverage can cancel or suspend all or part of your obligation to repay a debt.
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Guaranteed Asset Protection
Guaranteed Asset Protection (GAP) is one of our optional programs that can protect your investment should your vehicle get totaled in an accident or stolen and not recovered. GAP can cover the difference between the outstanding loan amount and the vehicle’s actual cash value. Give yourself peace of mind and protect yourself with GAP.
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Mechanical Breakdown Protection
Mechanical Breakdown Protection (MBP), also known as an Extended Warranty, is automobile protection that extends beyond the manufacturer’s factory warranty and covers repairs of unexpected mechanical breakdowns. Experience worry-free driving with MBP.
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Depreciation Protection Waiver
Depreciation Protection Waiver (DPW) provides protection on your vehicle’s equity and hedges against depreciation over the life of the loan.
Resources
Check out these topics to help you plan and protect your future.
Financial Education
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Insurance disclosures:
1 All coverage is reduced by 50% at age 70 and older, regardless of age at enrollment. This plan may not be available to residents of all states. Franklin Madison Group LLC is the Plan Administrator. For California Residents: Insurance product offered by Franklin Madison Insurance Services LLC. Underwritten by Minnesota Life Insurance Company.
2 This is an offering for insurance. It is not a deposit, not FDIC insured, not guaranteed by the bank and not insured by any federal government agency. This is an accident only policy and does not pay benefits for loss from sickness. This information is a brief description of the important features of this insurance plan, not an insurance contract. Actual coverage is subject to the language of the policy including applicable exclusions and limitations, and may not be available in all jurisdictions. Insurance product offered by Franklin Madison Group, LLC. For California Residents: Insurance product offered by Franklin Madison Insurance Services, LLC. Insurance is underwritten by Federal Insurance Company, a Chubb company. Chubb, PO Box 1600, Whitehouse Station, NJ 08889. Confinement benefits reduce by 50% at age 65, and reduce to 25% at age 75.
3 Terms, conditions, and exclusions apply, see site for details. Plan benefit amounts reduce by 50% at age 65 and by an additional 25% at age 75, regardless of age at enrollment. For California Residents: Insurance product offered by Franklin Madison Insurance Services LLC. Underwritten by Minnesota Life Insurance Company.
4 TruStage® insurance products and programs are made available through TruStage Insurance Agency, LLC. Life insurance and AD&D insurance are issued by CMFG Life Insurance Company, PO Box 61, Waverly IA 50677-0061. Auto and Home Insurance Program are issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union. © TruStage Insurance Agency